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Rice inventory down 4.5% in March

The country’s rice inventory dropped 4.5 percent in March, according to data from the Philippine Statistics Authority......»»

Category: financeSource: philstar philstarApr 19th, 2021

Secretary Dar: PH will have enough rice supply until March 2021

CEBU CITY, Philippines —The Department of Agriculture projected that the country would have a 94-day rice buffer stock would continue by the end of December 2020. “We would like to inform the public that based on our estimates, the country will enjoy an ending rice inventory of 3.27 million metric tons (MMT) by December 31 […] The post Secretary Dar: PH will have enough rice supply until March 2021 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsApr 27th, 2020

Rice inventory down in February

The country’s rice inventory dropped 7.7 percent in February, according to data from the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsMar 14th, 2021

Typhoons bring down rice inventory by 13%

The country’s rice inventory declined in January as an effect of the consecutive typhoons that hit Luzon at the tail end of 2020......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2021

PH rice stocks bumaba ng 10.7% noong December — PSA

Manila, Philippines – Inanunsyo ng Philippine Statistics Authority na bumaba ang rice inventory ng bansa, batay sa datos. Sa ulat, bumaba ng 10.7% ang rice stock mula December 2019. Mas mababa naman ito ng 12.4% sa 3.16 milyong MT na naitala noong Nobyembre 2019. Sa kabila nito, nilinaw naman na sapat ang stock ng bigas […] The post PH rice stocks bumaba ng 10.7% noong December — PSA appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsJan 20th, 2021

Rice inventory up in November

The country’s rice inventory went up in November last year as volume of the main staple was boosted by the main harvest season......»»

Category: financeSource:  philstarRelated NewsJan 5th, 2021

Philippine rice inventory slightly down in September

The country’s rice inventory slightly declined to 1.82 million metric tons in September from 1.84 million a year ago, according to the latest data from the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsOct 22nd, 2020

Christmas 2020 for workers and farmers

HOTSPOT Tonyo Cruz Two things workers are looking forward to at the end of each year are the 13th month pay and the Christmas bonus. And it seems about two million workers may not get any 13th month pay at all, if the Duterte government would have its way. The reason? Because of the pandemic. In reaction, Kilusang Mayo Uno chairperson Elmer Labog  issued his shortest statement yet this year, unable to hide labor’s frustration: “It is the government’s responsibility to bail out MSMEs in times of emergencies.” Indeed, it is the state’s obligation to support and prop up micro, small and medium-scale enterprises especially now in the time of pandemic. By saying MSMEs could dispense with the 13th month pay, the government is practically passing on its responsibility to MSMEs. Workers continue to give their share through the cheap, underpaid and overstressed labor power that makes sure MSMEs continue to function and perform their role as main engines of the economy. The government must do its job: Bail out the MSMEs. It is quite surprising that the Duterte government seems disinterested in bailing out MSMEs, considering the avalanche of news about the borrowings here and there. According to Sonny Africa, executive director of the think-tank Ibon Foundation, the borrowings has reached a historic high: “It took 118 years for the country’s debt to reach P6.1-trillion in 2016. President Duterte is taking just six years to more than than double that to P13.7-trillion in 2022.” Again, the reason for the borrowing has been “because of the pandemic.” Regardless of where the money goes, and whether or not MSMEs and workers received only a drop from it, they would pay the entire debt through more and higher taxes for years to come. Workers are not asking for something they have not earned through hard work. They earned that 13th month pay. It is not an optional thing. It is part of the law. The pandemic should oblige the state to bail out our MSMEs to enable them to fully function, and to give the workers’ their due under the law. Workers have given and lost a lot because of the pandemic. Workers have not asked for free rides to work, but the government fails to provide adequate and safe mass transport. Workers have asked for free mass testing in their companies and communities, but the government has other ideas. Workers and their families would have fared better with unemployment benefits amid the dismal pandemic response of government, but it seems the same government wishes to push them instead to pawnshops and loan sharks. We haven’t even factored in the laid-off, underemployed and unemployed workers, as well as the undetermined number of overseas Filipino healthcare workers stranded in the country since April. They all don’t wish to be “patay-gutom” and “pala-asa”.  They don’t wish to stay unemployed and be dependent on aid. They are ready to work and earn their keep. But since the president made policy decisions affecting their ability to obtain work, it is the government’s obligation to bail them out as well. The situation of our nation’s farmers is no different. For instance, rice farmers continue to produce our national staple. The pandemic made even worse the effects on them of the combined power of policies such as rice tarrification, the stranglehold of Big Landlords, the vast influence of rice cartels, and the continued operation of illegal rice importers. Price monitoring by Bantay Bigas and the Kilusang Magbubukid ng Pilipinas reveals the outrageously low palay prices nationwide, which means ruin to our nation’s rice farmers: Negros Occidental and Bicol region P10; Capiz P10-P11; Caraga P11; Tarlac P11-12; Ilocos Sur and Nueva Ecija P11-13; Camarines Sur P11.50-14; Bulacan and Mindoro P12; Isabela P12-P13.50; Pangasinan P12-P12.30; Antique P12.50; Agusan del Sur P13; Davao de Oro P13.14; Davao del Norte, Surigao del Sur and South Cotabato P13.50; North Cotabato P14; and Lanao del Norte P15. If you look at it, plantitos and plantitas today pay 20 to 50 times more for ornamental plants, compared to the prices traders and the NFA offer to our farmers. According to Bantay Bigas and KMP, the government procures way less than 20 percent of the produce of rice farmers.  And then we hear that the NFA would rather import rice from other countries, at pandemic-affected prices at that. Without any state intervention, by way of NFA buying rice farmers’ produce at P20 per kilo, and providing loans to farmers, there could be worse rural poverty in the coming months and years. Between our workers and farmers, their families have been made to sacrifice a lot since March, with prices of basic goods spiking, with new and higher expenses arising from online classes for the children. There cannot be no aid for them.  Neither should workers and farmers shoulder the burden of the failure or refusal of government to provide funding for bailouts sorely needed by MSMEs, and be forced to accept new national debts to pay for policies such as rice tarrification and importation. The government knows the scale of the problem. The Department of Labor and Employment says 13,127 companies have either laid off workers or permanently closed. The response cannot be “pass the burden to workers”. The answer should be: “the state must do everything to rescue the companies and the workers.” OFWs across the world should be familiar with bailouts and economic protections because of the pandemic. Many countries that host OFWs enacted huge bailouts and stimulus to their economies, partly so that migrant labor could continue to be employed. They enjoy health insurance, and special COVID19 coverage. Governments handed out checks to both citizens and companies. Is it too much to ask that the same be done in our own country? Or do Filipinos have to go abroad to experience such social and economic protections?.....»»

Category: newsSource:  mb.com.phRelated NewsOct 9th, 2020

Rice inventory down in August

The country’s rice inventory went down by 16.3 percent to 1.79 million metric tons as of end-August from 2.13 million MT in the same period last year, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2020

Rice inventory down to 2.1 MT in July

The country’s rice inventory went down in July as volume of the main staple continues to be released amid the coronavirus disease pandemic......»»

Category: financeSource:  philstarRelated NewsAug 18th, 2020

GERI reports 37% profit fall, improving sales

Global-Estate Resorts, Inc. (GERI), Megaworld’s integrated tourism and leisure unit, reported lower earnings in the first half of the year although sales have started to recover in the second quarter. In a statement, GERI said that, excluding non-recurring gains, the company’s net income for the first half of the year reached P728 million, down 9 percent from P801 million during the same period last year. Attributable net income dropped 37 percent to P544.8 million in the first half of 2020 from P865.13 million in the same period last year. Consolidated revenues for the first half of 2020 registered at P2.9 billion, reflecting a 29 percent decline from P4.1 billion during the comparable period last year. On the other hand, rental income weakened by only 8 percent from P377 million last year to P347 million in the first half of 2020 even if mall operations were affected by the Taal eruption in the first quarter, and the strict quarantine measures in the second quarter. Hotel operations declined by 67 percent from P484 million last year to P162 million for the first six months of 2020 due to the quarantine restrictions during the period. However, the decline in revenues from the company’s core businesses was offset by the 30 percent reduction in costs and expenses, from P3.1 billion in the first half of 2019 to P2.2 billion this year. “Boracay was closed to tourists during the second quarter but as soon as the quarantine measures were relaxed in June, we saw a steep climb on the sales of our commercial and village lots in Boracay Newcoast. Buyers now prefer residential and leisure products in nature-rich settings outside of Metro Manila,” explained GERI President Monica T.Salomon. GERI’s reservation sales of residential projects during the second quarter of the year rose to P3.6 billion from P2.2 billion in the first quarter. The firm noted that the growth was achieved even as the country was placed on strict lockdown due to the coronavirus pandemic. It did not provide comparative figures for 2019. Residential projects in Boracay Newcoast in Aklan, Arden Botanical Estate in Cavite, Eastland Heights in Antipolo, Rizal,  and Hamptons Caliraya in Laguna comprised the bulk of sales during the first half of the year, which reached P5.8 billion. “When the news of a possible lockdown came out in mid-March, we had already braced for a conservative outlook for our residential segment,” said Salomon. She added that, “But, while the country was placed on strict quarantine, we saw aggressive take-ups of our provincial projects. In fact, on the average, our second quarter sales are 61 percent of what we have booked for the entire first half of 2020. And we still have enough inventory to address the demand for residential projects in these areas.”.....»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

MPBL: Bacoor Strikers give back to Army frontliners

Bacoor City Strikers team owners Congressman Strike Revilla and wife Chaye Revilla extended their helping hand to the Philippine Army based in Fort Bonifacio, Taguig last Friday. The Strikers’ top brass sent 12 sacks of rice and hundreds of canned goods to the unit through Strikers guard and Private First Class Eric Acuña. Acuña is serving as a front liner ever since the enhanced community quarantine (ECQ) took place in Luzon due to the coronavirus (COVID-19) pandemic last March. It was their way of supporting the military men who have spent countless hours working during the Philippines’ on-going battle against the pandemic. But aside that, it is also a means of support for Acuña – an adopted son of Bacoor City – who played 29 games for the Strikers in the 2019-20 Chooks-to-Go Maharlika Pilipinas Basketball League Lakan Season. “Malaking tulong talaga siya lalo para dito sa mga tropa sa Army, lagi rin akong kinakamusta ni Cong. Strike kung may kailangan ako e” bared the 5-foot-8 Acuña, who enlisted in the Philippine Army last 2015. “Sobrang blessed ako kaso hindi lang sa loob ng court nila ako pinapahalagahan, tinuturing na rin talaga nila kaming pamilya. Sobrang malaking blessing talaga sila Cong. Strike at ma’am Chaye sakin kasi laging silang nandiyan kahit wala na kaming laro.” Besides this, the Revillas have also been taking care of the Strikers squad, continuing to give the players’ salaries and giving them whatever they need during this trying times......»»

Category: sportsSource:  abscbnRelated NewsApr 30th, 2020

PH rice inventory to hit 94 days by end of 2020

The Agriculture Department said the Philippines will end 2020 with a rice inventory of at least 94 days despite the great demand for the commodity......»»

Category: financeSource:  thestandardRelated NewsApr 27th, 2020

Private traders urged to import more rice

The private sector must continue to buy rice from the world market to further boost the inventory of the country’s main staple amid the coronavirus disease pandemic......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2020

DA assures LGUs, consumers of stable rice supply

QUEZON CITY, April 15 (PIA)-Agriculture Secretary William Dar assured that rice supply remains stable with inventory good until June 2020, and will be augmented with the ongoing harvests.A t.....»»

Category: newsSource:  manilanewsRelated NewsApr 15th, 2020

Gov. Zubiri nixes order preventing shipment of rice from Bukidnon

CAGAYAN DE ORO CITY (MindaNews / 27 March) — Bukidnon Gov. Jose Maria Zubiri Jr. rescinded a controversial order he made on Friday stopping all rice shipments from leaving the province. In Executive Order No. 18-A which he signed Friday afternoon, Zubiri said he got assurances that suppliers in Bukidnon could meet the local demand […].....»»

Category: newsSource:  mindanewsRelated NewsMar 29th, 2020

Vietnamese vessel unloads rice in Iligan; city gov’t to buy 20,000 sacks for food packs

ILIGAN CITY (MindaNews / 29 March) — A Vietnamese vessel loaded with rice docked  at the  Philippine Ports Authority in Iligan City at 6:55 a.m. Sunday carrying 4,722.63 metric tons of rice, but it may be the last while the COVID-19 crisis is ongoing as the Vietnamese government last Tuesday announced it wsa temporarily stopping issuing clearance […].....»»

Category: newsSource:  mindanewsRelated NewsMar 29th, 2020

DA-NFA prepositions enough rice for Metro Manila, entire country

CALOOCAN CITY, March 28 (PIA)-The Department of Agriculture through the National Food Authority (NFA) has prepositioned rice stocks for the requirements of Metro Manila, ensuring sufficient supply.....»»

Category: newsSource:  manilanewsRelated NewsMar 28th, 2020

Gov. Zubiri flip-flops, rescinds controversial order

CAGAYAN DE ORO—Bukidnon Governor Jose Maria Zubiri had rescinded a controversial order he made on Friday morning, March 27, 2020, stopping all rice shipments from leaving the province.  Zubiri in his new Executive Order no. 18-A which he signed Friday afternoon, said he was assured that the demand for rice for Bukidnon would be met […] The post Gov. Zubiri flip-flops, rescinds controversial order appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMar 27th, 2020

Cebu City targets 200K families for rice assistance

CEBU CITY, Philippines — The Cebu City Government is now targeting around 200,000 families who will benefit from the free sacks of rice as assistance due to the impact of the Coronavirus Disease 2019 (COVID-19). At a press conference on Monday, March 23, 2020, City Councilor Raymond Alvin Garcia told reporters they have increased their […] The post Cebu City targets 200K families for rice assistance appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2020

Cebu City’s underprivileged to receive sacks of rice this Wednesday

CEBU CITY, Philippines — Starting this Wednesday, March 25, 2020, informal earners in Cebu City can expect to receive the sacks of rice pledged by the city government as assistance due to the threats of the Coronavirus Disease 2019 (COVID-19). Councilor Raymond Alvin Garcia told reporters at a press conference on Sunday, March 22, 2020, […] The post Cebu City’s underprivileged to receive sacks of rice this Wednesday appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMar 22nd, 2020